Siegfried Wolf, one of the two former top executives of Magna International not only changes over (as reported) to Oleg Deripaska's “Basic Element” company, but will also have a stake in it.

As the "Kurier" reports, Siegfried Wolf, who will assume the management of the engineering division "Russian Machines" of "Basic Element" in November, will also have a stake that will grant him "clear voting rights". On the extent of his participation, however, strict silence is being observed.

Wolf, since 2005 Co-CEO of Magna, had until recently also had a single digit…